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Company Presentation - Proactive Investors

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Petisovci 3-D Seismic Acquisition<br />

• Substantial tight gas potential – core area estimates of 300 Bcf<br />

• Shallow oil targets in the 5-10 million barrel range<br />

• Seismic acquisition complete - processing and interpretation currently in<br />

progress with results expected in January 2010<br />

• Prospects to be identified and drilling/workovers expected to commence in<br />

H1 2010<br />

• Previously producing field - infrastructure in place allowing for early<br />

production<br />

• The project can potentially provide a significant contribution to the<br />

Slovenian gas market with strong local pricing expected<br />

• Follow up 3-D seismic acquisition in the neighbouring Lovaszi area in early<br />

2010<br />

10

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